Gold Royalty Corp. (NYSEAMERICAN:GROY) Short Interest Down 14.8% in July

Gold Royalty Corp. (NYSEAMERICAN:GROY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 2,820,000 shares, a decrease of 14.8% from the June 30th total of 3,310,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 2.4 days. Currently, 2.0% of the shares of the company are sold short.

Gold Royalty Stock Up 4.3 %

Shares of GROY traded up $0.06 during midday trading on Wednesday, reaching $1.44. The company had a trading volume of 979,059 shares, compared to its average volume of 875,665. Gold Royalty has a 1-year low of $1.18 and a 1-year high of $2.21. The company has a market capitalization of $209.84 million, a PE ratio of -8.47 and a beta of 1.02. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.06.

Gold Royalty (NYSEAMERICAN:GROY) last posted its earnings results on Monday, May 13th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $2.89 million for the quarter. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. As a group, equities analysts forecast that Gold Royalty will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on GROY. Raymond James upgraded Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.75 price objective on the stock in a research report on Monday, June 3rd. HC Wainwright reiterated a “buy” rating and set a $5.75 target price on shares of Gold Royalty in a research report on Wednesday, May 15th. Finally, BMO Capital Markets upgraded Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 target price on the stock in a research report on Monday, June 3rd.

Hedge Funds Weigh In On Gold Royalty

Several large investors have recently bought and sold shares of the stock. Austin Wealth Management LLC acquired a new stake in shares of Gold Royalty during the fourth quarter worth about $44,000. Peregrine Asset Advisers Inc. purchased a new position in shares of Gold Royalty during the 4th quarter worth approximately $59,000. GSA Capital Partners LLP increased its stake in shares of Gold Royalty by 70.9% during the 1st quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock worth $484,000 after purchasing an additional 106,700 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Gold Royalty by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock worth $8,670,000 after purchasing an additional 525,594 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Company Profile

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.